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Mind the gap — Is fintech closing the gender gap in access to finance?


Mind the gap Is fintech closing the gender gap in access to finance?
Equitable access to financial services: A policy prerogative
Fair and equitable access to financial services is a prerequisite for economic security and prosperity. It can improve individuals’ employment outcomes, wealth accumulation, and propensity to start a business. Yet, women all over the world remain unbanked or underbanked (Demirgüc-Kunt et al. 2017). Hopes are high that new financial technology – or “fintech” – can enhance financial inclusion and finally close the gender gap in access to financial services.
But does fintech help to close the gender gap? To find out, we looked at 27,000 adults in 28 major economies (Chen et al. 2021), who shared their use of and attitudes toward fintech products and services provided by fintech entrants and traditional financial institutions. The sample is representative along the age and gender distributions and contains detailed background inform ....

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Free exchange - What is the link between economic crises and political ruptures? | Finance & economics


W
HEN DO ECONOMIC crises have destabilising political effects? Economic anxiety in the aftermath of the global financial crisis of 2007-09 sparked a political backlash fuelling, for instance, the Brexit campaign in Britain. President Donald Trump drew support from America’s neglected rust belt. The Depression of the 1930s wrought much more devastating political consequences in Europe. The question seems pertinent again, given the economic and social trauma caused by the covid-19 pandemic.
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Over the past decade many economists have taken an interest in the political effects of economic shocks. A study of European regions after the financial crisis found that a one percentage point increase in the unemployment rate was associated with a 2-3 percentage point rise in the share of votes captured by fringe parties, for instance. Establishing how one factor causes another is tricky work, however, and ofte ....

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COVID-19: A health and economic disaster but also a natural experiment


COVID-19: A health and economic disaster but also a natural experiment
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COVID-19: A health and economic disaster but also a natural experiment
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The coronavirus pandemic has delivered the world s economists a natural experiment which they are already using to work out how the past year will affect everything from the way we teach children to how best to stop emotionally drained consumers from stockpiling miles of toilet paper.
While government policies have been tweaked in reaction to traditional data like job figures and payroll numbers, a surge in information is being used by the economics profession to look at both short and long term issues that are expected to flow from the pandemic and associated recession. ....

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